KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) Sees Significant Drop in Short Interest

KraneShares Mount Lucas Managed Futures Index Strategy ETF (NYSEARCA:KMLM) saw a large drop in short interest in December. As of December 31st, there was short interest totaling 13,524 shares, a drop of 29.0% from the December 15th total of 19,061 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 82,521 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 82,521 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Stock Down 0.7%

Shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF stock traded down $0.18 during trading hours on Friday, reaching $26.40. 47,576 shares of the company’s stock were exchanged, compared to its average volume of 97,471. The business has a fifty day moving average of $26.49 and a two-hundred day moving average of $26.67. The company has a market capitalization of $174.24 million, a P/E ratio of 9.85 and a beta of -0.37. KraneShares Mount Lucas Managed Futures Index Strategy ETF has a 1 year low of $25.28 and a 1 year high of $27.89.

KraneShares Mount Lucas Managed Futures Index Strategy ETF Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a $1.3035 dividend. The ex-dividend date was Monday, December 22nd. This represents a yield of 502.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KMLM. Abbington Investment Group acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the third quarter valued at approximately $4,063,000. Flow Traders U.S. LLC purchased a new stake in KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 2nd quarter valued at $3,713,000. Sound Financial Strategies Group LLC acquired a new stake in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF in the 3rd quarter worth $1,696,000. Tactive Advisors LLC purchased a new position in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF during the 3rd quarter worth $815,000. Finally, Raymond James Financial Inc. raised its holdings in shares of KraneShares Mount Lucas Managed Futures Index Strategy ETF by 13.5% during the 3rd quarter. Raymond James Financial Inc. now owns 213,365 shares of the company’s stock worth $5,746,000 after acquiring an additional 25,414 shares during the period.

About KraneShares Mount Lucas Managed Futures Index Strategy ETF

The KFA Mount Lucas Index Strategy ETF (KMLM) is an exchange-traded fund that is based on the KFA MLM index. The fund aims to track an index of long and short managed futures, based on a trend following methodology. The fund allocates to commodity, currency and global fixed income futures based on relative historical volatility. KMLM was launched on Dec 2, 2020 and is managed by KraneShares.